Guideline Value for Pillaiyar Koil 1st lane

Pillaiyar Koil 1st lane guideline value

The current guideline value of Pillaiyar Koil 1st lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pillaiyar Koil 1st lane has changed

The guideline value for Pillaiyar Koil 1st lane has seen several revisions over the years. In 2007, the guideline value was Rs 1,560 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it then decreased to Rs 4,020 per sq.ft in 2017. The value rose again to Rs 6,000 per sq.ft in 2023 and is now Rs 6,600 per sq.ft in 2024.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 is 10%. The overall increase from 2007 to 2024 is 323%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, making the guideline value of Pillaiyar Koil 1st lane equal to this median.

• Pillaiyar Koil 2nd lane: Rs 6,600 per sq.ft (2024)
• Peyalwar Street: Rs 7,700 per sq.ft (2024)
• Peters Road (North Side): Rs 13,200 per sq.ft (2024)
• Peters Lane: Rs 7,700 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 8,800 per sq.ft (2024)
• Perumal Mudali Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 1st lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil 1st lane?

The Sub Registrar Office that covers Pillaiyar Koil 1st lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Triplicane

The guideline value is a crucial factor in the registration process when buying or selling property. It is used to determine the stamp duty and registration fees that must be paid during the property transaction.

When you register a property, the fees are calculated based on the guideline value or the sale price, whichever is higher. Therefore, understanding the guideline value is essential for accurate financial planning in real estate transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 1st lane?

The current guideline value of Pillaiyar Koil 1st lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,560 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, with various increases and decreases in between.

What is the stamp duty for properties in Pillaiyar Koil 1st lane?

The stamp duty for properties in Pillaiyar Koil 1st lane is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pillaiyar Koil 1st lane?

The Sub Registrar Office for Pillaiyar Koil 1st lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014.

How is the guideline value determined for properties in Triplicane?

The guideline value for properties in Triplicane is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values.